I wanted to share this update from Good Ventures (Cari and Dustin’s philanthropy), which seems relevant to the EA community.
Tl;dr: “while we generally plan to continue increasing our grantmaking in our existing focus areas via our partner Open Philanthropy, we have decided to exit a handful of sub-causes (amounting to less than 5% of our annual grantmaking), and we are no longer planning to expand into new causes in the near term by default.”
A few follow-ups on this from an Open Phil perspective:
- I want to apologize to directly affected grantees (who've already been notified) for the negative surprise here, and for our part in not better anticipating it.
- While this represents a real update, we remain deeply aligned with Good Ventures (they’re expecting to continue to increase giving via OP over time), and grateful for how many of the diverse funding opportunities we’ve recommended that they’ve been willing to tackle.
- An example of a new potential focus area that OP staff had been interested in exploring that Good Ventures is not planning to fund is research on the potential moral patienthood of digital minds. If any readers are interested in funding opportunities in that space, please reach out.
- Good Ventures has told us they don’t plan to exit any overall focus areas in the near term. But this update is an important reminder that such a high degree of reliance on one funder (especially on the GCR side) represents a structural risk. I think it’s important to diversify funding in many of the fields Good Ventures currently funds, and that doing so could make the funding base more stable both directly (by diversifying funding sources) and indirectly (by lowering the time and energy costs to Good Ventures from being such a disproportionately large funder).
- Another implication of these changes is that going forward, OP will have a higher bar for recommending grants that could draw on limited Good Ventures bandwidth, and so our program staff will face more constraints in terms of what they’re able to fund. We always knew we weren’t funding every worthy thing out there, but that will be even more true going forward. Accordingly, we expect marginal opportunities for other funders to look stronger going forward.
- Historically, OP has been focused on finding enough outstanding giving opportunities to hit Good Ventures’ spending targets, with a long-term vision that once we had hit those targets, we’d expand our work to support other donors seeking to maximize their impact. We’d already gotten a lot closer to GV’s spending targets over the last couple of years, but this update has accelerated our timeline for investing more in partnerships and advising other philanthropists. If you’re interested, please consider applying or referring candidates to lead our new partnerships function. And if you happen to be a philanthropist looking for advice on how to invest >$1M/year in new cause areas, please get in touch.
Appreciate you engaging thoughtfully with these questions!
I'm slightly confused about this specific point - it seems like you're saying that work on digital minds (for example) might impose PR costs on the whole movement, and that you hope another funder might have the capacity to fund this while also paying a lot of attention to the public perception.
But my guess is that other funders might actually be less cautious about the PR of the whole movement, and less invested in comms that don't blow back on (for example) AI safety.
Like, personally I am in favour of funder diversity but it seems like one of the main things you lose as things get more decentralised is the ability to limit the support that goes to things that might blow back on the movement. To my taste at least, one of the big costs of FTX was the rapid flow of funding into things that looked (and imo were) pretty bad in a way that has indirectly made EA and OP look bad. Similarly, even if OP doesn't fund things like Lighthaven for maybe-optics-ish reasons, it still gets described in news articles as an EA venue.
Basically, I think better PR seems good, and more funding diversity seems good, but I don't expect the movement is actually going to get both?
(I do buy that the PR cost will be more diffused across funders though, and that seems good, and in particular I can see a case for preserving GV as something that both is and seems reasonable and sane, I just don't expect this to be true of the whole movement)